Tunisia: PA Resources, EnQuest terminate farm-out
Issue 294 - 13 Feb 2015
PA Resources and EnQuest have dropped farm-out plans for the Didon field and Zarat permit after the government failed to give its approval. The news comes as PA Resources plans a shareholder meeting on 27 February to decide whether it should go into liquidation. In May 2013, the companies signed agreements for the transfer of 70% in the Didon producing oilfield and the Zarat permit to EnQuest. In July 2014, PA and EnQuest completed the Didon transaction and put the sale proceeds in escrow awaiting a letter of non-objection from the Tunisian authorities.
Want to read more?
(Access to one 100-400 word article)
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
A member of our team will be pleased to assist you
Sales – Alex Wark
Support – Tara Mulvey
Tel: +44 (0)1424 721667